5997 Rainier Ave S $565,000

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    5997 Rainier Ave S Seattle, WA 98118

    • 0.05 Acres
    • Commercial/Industrial
    Listing# 1484008 | Active
    Days On Market: 108 5 Views
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    Property Details

    Less than a mile from the heart of Columbia City. This building has been grandfathered for commercial and residential use. Currently zoned for LR3, the potential uses are up to the interpretation and due diligence for the buyer and City allowances. There is also city vacated land next to this. Your feasibility with the city will determine the possibilities. Not a building around at this price and potential. The Brand New Rainier Valley Leadership Academy is just across the street.

    • General Features
      • County King
      • Approx Building SqFt 2,376
      • Approx Office SqFt 2,376
      • Approx Whse/Mfg SqFt 0
      • Style 75-Retail
      • Total Covered Parking 0
      • Total Uncovered Parking 0
      • Zoning Jurisdiction City
    • Property Features
      • Depth of Lot 45
      • Site Frontage 49
      • Environment Survey N
      • Water-Sewer-Garbage 0
      • Sewer Company City of Seattle
      • Energy Source Electric
      • Power Company Seattle City Light
      • Number of Available Pads 0
      • Lot Square Footage 2,260
    • Financials
      • Free and Clear Y
      • Vacancy Rate 0
      • Total SqFt Rented 2,200
      • Total Monthly Rent $1,800
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 0
      • Gross Scheduled Income $1,800
      • Gross Adjusted Income $0
      • Total Expenses $0
      • NOI $21,600
      • Electrical Expenses $0
      • Tax Expense $4,549
      • Heating Expense $0
      • Insurance Expense $0
      • Other Expenses $0
      • Tax Year 2018
      • Annual Assoc. Dues $0

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    Neighborhood

    98118 (Seattle) Demographics

    38Median Age
    7,152Population Density (per sq. mile)
    44%College Educated
    $56,745 Estimated Median Income
    9,128Estimated Total Home Owners
    6,911Estimated Total Renters
    57% / 43%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    44,686Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $549,950 Median Sales Price
    49 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $565,000
        7/1/2019 4:51:00 PM New in Database Source

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.